Shield, a Tel Aviv-based startup, built a compliance surveillance platform to enable regulated financial institutions to detect market abuse, announced that it closed a $15 million Series A.
The round was co-led by Macquarie Capital and OurCrowd, with participation from Mindset Ventures.
The startup will use the funding to significantly expand its U.S. presence with a New York City office while further establishing itself in markets throughout Europe, the Middle East, Africa, and Asia. It will also ramp up the development of its communication compliance platform.
Round: Series A
Funding Month: January 2022
Lead Investors: Macquarie Capital and OurCrowd
Additional Investors: Mindset Ventures
Company Website: https://www.shieldfc.com/
Software Category: AI-powered communication compliance platform
About the Company: Shield built a compliance surveillance platform to enable regulated financial institutions to detect market abuse, gain behavioral analysis, mitigate toxic workplace culture and automate surveillance over employee communication channels. Shield is a Workplace Intelligence platform focusing on communications compliance which automates the complete communications life cycle. The platform applies advanced artificial intelligence and natural language processing (NLP) capabilities through rigorous data enrichment, powerful analytics, enhanced search tools, and proactive surveillance, according to the company. Shield is currently monitoring more than 150,000 regulated employees and analyzing over 53 million interactions in a day, Weitzman said, adding that it has been more than tripling its revenue year to year since established in 2018.